authorizing the execution and delivery of assessment notes payable from moscone expansion district assessments to further secure principal, premium, if any, and interest evidenced and represented by the certificates; granting general authority to city officials to take necessary actions in connection with the authorization, issuance, sale, and delivery of the certificates and the assessment notes; approving modifications to documents and agreements; and ratifying previous actions taken in connection therewith. item number 7, ordinance appropriating $507,880,000 of certificate of participation proceeds to fund the moscone center expansion project in the general services agency, office of the city administrator, for fy 2012-2013 and placing these funds on controller's reserve pending issuance of the cop's or associated commercial paper used for cash flow purposes in fy 2012-2013. >> thank you very much, mr. clerk. and i want to welcome a number of people involved from the moscone expansion district and program here. first, john nagucci, if you'd like to start off. i know a number of people will be speaking, nadia, joe, brook and john. so, john, why don't you go ahead. >> thank you, supervisor. good morning, chair farrell, supervisor mar, supervisor avalos. i'm from the convention facilities. get the slide.